139 NE 1st St
Miami, Florida 33132, United States

Miami, Florida 33132, United States

MLS#: A11683861

$20,000,000 USD

Listed By Compass Florida, LLC

The Hospitality for Sale located at 139 NE 1st St Miami Florida 33132 is currently for Sale, 139 NE 1st St Miami Florida 33132 is listed for $20,000,000. If the property located at 139 NE 1st St Miami Florida 33132 isn't what you're looking for, search Florida Real Estate to see other Commercial for Sale in Miami .

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The details

Property features

Date Updated: Oct 29, 2024

Construction details

Year built
1927

Description

Compass Commercial presents the Historic "Dade-Commonwealth Building," an existing 43,265sf office building with rare in-place approvals from the Historic Preservation Board and City of Miami for a 17-story, 163-room upscale hotel. Alternatively, the existing structure can be repositioned to a 60-key hotel. Sale includes approved demolition permits + Master permits, which are in the final stages, allowing for quick project initiation. Due to its historic designation, the property is entitled to an Ad Valorem Exemption and the Federal Historic Rehabilitation Tax Credit. Great opportunity to develop a luxury hotel in Downtown Miami that's fast-tracked with approved plans, demo permits + tax credits.

Location

139 NE 1st St, Miami, Florida 33132, United States
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